Thomas Gryta: Lights Out: Pride, Delusion, and the Fall of General Electric

Thomas Gryta is a reporter at the Wall Street Journal and the co-author, with Ted Mann, of Lights Out: Pride, Delusion, and the Fall of General Electric. In this episode, Robert talks with Gryta about the book, how GE soared in value under its charismatic leader, Jack Welch, and how hubris, excessive financial leverage, and the company’s dependence on profits from GE Capital, nearly forced America’s most famous industrial company into bankruptcy.